Obesity remains a serious health problem and it is no secret that many people want to lose weight. Behavioral economists typically argue that “nudges” help individuals with various decisionmaking flaws to live longer, healthier, and better lives. In an article in the new issue of Regulation, Michael L. Marlow discusses how nudging by government differs from nudging by markets, and explains why market nudging is the more promising avenue for helping citizens to lose weight.

Two long wars, chronic deficits, the financial crisis, the costly drug war, the growth of executive power under Presidents Bush and Obama, and the revelations about NSA abuses, have given rise to a growing libertarian movement in our country – with a greater focus on individual liberty and less government power. David Boaz’s newly released The Libertarian Mind is a comprehensive guide to the history, philosophy, and growth of the libertarian movement, with incisive analyses of today’s most pressing issues and policies.

Search form

You Can Get a Job Without a Degree?

It seems that everyone in the ivory tower is declaring that it will soon be almost impossible to get a good job without first buying their product. Perhaps foremost among these college salespeople are members of the U.S. Secretary of Education’s Commission on the Future of Higher Education, who in the most recent public draft of their proposal to create a “national strategy” for higher education declare that:

The value of a postsecondary credential for future employment and earnings is expected to rise. Ninety percent of the fastest-growing jobs in the new knowledge-driven market economy require some postsecondary education. Job categories with the fastest expected growth in the next decade require postsecondary education; those with the greatest expected decline require only on-the-job training.

That sure sounds like the best way to avoid a low-paying, dead-end career is to run, not walk, to your friendly neighborhood college or university and get that bachelor’s degree! But is the scenario accurate? According to a recent piece on CareerBuilder.com, maybe not:

Though it was once conventional wisdom that you needed to have a four-year college degree to be successful, many employment experts believe that maxim has become myth. While a college education increases a worker’s chances of earning more money, it’s certainly not the only reliable path to well-paid and rewarding work….[A]ccording to the U.S. Bureau of Labor Statistics, eight of the top 10 fastest-growing occupations through 2014 do not require a bachelor’s degree. And these jobs, which include health technology, plumbing, firefighter and automotive repair, are less vulnerable to outsourcing.

So which is it? In the oh-so-near future, will you or won’t you need a college degree to avoid having to live in a corrugated steel hut subsisting on saltines?

The truth is that no one knows: As politicians and economic forecasters have proven time and again, with billions of people worldwide conducting countless business transactions all the time, no one can predict with any certainty what the future will hold. We can, however, confidently predict one thing: Denizens of the ivory tower will themselves get better jobs when increasing numbers of people consume their products, and when politicians give them ever-greater amounts of taxpayer money.

These facts, more than anything else, should make everyone suspicious of ubiquitous college-or-bust predictions.